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Investment Property Springvale, VIC, 3171

Suburb Snapshot

Springvale is a suburb in the Greater Dandenong Region of Victoria. Springvale has a population of 21,713 people and 34.30% of its occupants live in rental accommodation. The median listing price for houses is $815,000 and this has changed -0.61% over the past year and changed -4.12% over 2 years.

The median rent in Springvale for houses is $510 per week and the median rental yield is 3.25%. Stock on the market for houses/townhouses has changed -10.00% compared to last year and the average time to sell a house/townhouse is 171 days.The median listing price for units is $464,500 and this has changed -3.23% over the past year. The average unit takes 150 days to sell and the median rent for a unit in Springvale is $430 per week, producing a rental yield of 4.81%.

Supply & Demand in Springvale, Greater Dandenong

0.69%

Current vacancy rate


59

Rental stock available


21,713

Population


34.30%

Rental population


0.81%

Current vacancy rate


525

Rental stock available


152,051

Population


31.54%

Rental population


0.93%

Current vacancy rate


28,886

Rental stock available


5,926,624

Population


24.77%

Rental population


This is information is brought to you by realestateinvestar.com.au - The online home for property investors

Statistical data for Springvale, Greater Dandenong

  House Townhouses Units
Median listing price $815,000 $680,000 $464,500
Median price change - last quarter -1.83% -1.45% 0.00%
Median price change - 1 year -0.61% -1.45% -3.23%
Median price change - 2 years -4.12% 0.00% 3.22%
  House Townhouses Units
Median weekly rent $510 $645 $430
Median yield % 3.25% 4.93% 4.81%
Median rent change - 1 year 6.25% 10.25% 13.15%
  House Units
Previous month sales 10 2
Stock on market previous month 99 36
Stock variance vs. last year -10.00% -20.00%
Average days on market 171 150

Springvale investment property listings

Showing 1 of 1 investment properties found in Springvale on realestateinvestar.com.au

1/4 WALES St, Springvale

$950,000

property pic

Charming nest for a new start family……..

Welcome to the epitome of comfortable living! This charming nest an ideal choice for both families or investors alike. Enjoy the convenience of living at Springvale Central. Walk distance to Springvale station, shopping central, clinic and more contribute to the desirability of this prime ...

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3

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Townhouse

VIC 3171


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